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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of A. Schulman, Inc. (NASDAQ: SHLM) to LyondellBasell Industries N.V. (NYSE: LYB). Under the terms of the transaction, A. Schulman shareholders will receive $42 per share in cash and one contingent value right per share.
The investigation concerns whether the Board of A. Schulman breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether LyondellBasell is underpaying for A. Schulman shares, thus unlawfully harming A. Schulman shareholders.
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